Peet (ASX:PPC) Stock Passes Below 50-Day Moving Average of $1.15

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Peet Limited (ASX:PPC) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.15 and traded as low as $1.15. Peet shares last traded at $1.16, with a volume of 7,351 shares traded.

The company has a quick ratio of 0.61, a current ratio of 1.57 and a debt-to-equity ratio of 46.00. The firm has a market capitalization of $558.21 million and a P/E ratio of 11.21. The stock has a 50-day moving average of A$1.15.

Peet Company Profile (ASX:PPC)

Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land for residential development purpose, as well as produces non-residential blocks of land.

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